(06-13-2018, 05:25 PM)My Desired Display Name Wrote: A lot of generalizations and mixed ideas so I'll just speak about the article.  It says many expect to retire at 56 and think they'll be millionaires at some point...it also mentions (which was left out) that the increasing majority of them are saving for retirement.  Other studies say that millennials aren't having as many kids and/or are delaying when they have kids...which in itself could help the retirement and millionaire case, as I believe its estimated it takes around a quarter million to raise a kid to 18.

Not sure where ribbons and participation trophies come into place, but quite frankly I dont think either are that wild of an assumption, I mean my mom retired at 54 and dad at 59

It is funny to me that the idea of a million is some high point to strive for in retirement. A two comma 401k is not something that will last very long by the time i get to the age where i will retire. I understand the premise of the conversation here, but being someone who had do consider a lot of these things at a young age when i was making the decision to remain self employed rather than go for the job i interned for in college i had to take a few steps to plan these types of things. I have a indexed annuity, one IRA, and a 401k that a put a much higher % of my money into than most because i do not have luxury of working for someone who does 401k matching plans(self employed.). I also have 2 IUL life insurance policies that really can be consider savings plans if you consider the interest rates that i receive from them. These are all things that i learned about because my father was always self employed and while he did provide with the resources and people to talk to he is not the one building my retirement. IMO none of these things are difficult to learn about but none of them are taught to our youth while they are in school( at least not on the public level.).

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